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clinton. we did it under reagan. we did after world war ii. in fact from a new book we did it under calvin coolidge so smaller government means less burden and better private sector but let me just break these numbers. >> hold up for just a second. you know how this works in television. let's get to phil lebeau with the tesla newspaper and come back to the conversation on sequestration. >> a wider than expected loss from tesla in the fourth quarter, loss of 65 cents a share versus the estimates on the street of 55 cents a share. revenue coming in stronger than expected, coming in at $306 million. three headlines we want to point out. first of all, the company reconfirming that it expects to produce 20,000 model-s sedans in 2013. that was the target they put out there. they are reconfirming that that will happen this year. second of all, now expect to be profitable in the first quarter of this year as opposed to late this year which was the previous guidance so expect it to be profitable soon, and finally reservations for the mold-s. this is important in terms of that demand that's out ther
council of economic advisers under president clinton. she says the sequester is absolutely not necessary and must be avoided. bob mcteer is a distinguished fellow at the national center of policy analysis, former president of the dallas federal reserve and a cnbc contributor and says if they can't make a good deal willing to risk the side effects of the sequester. good to see you. thank you very much for joining us. >> thank you. >> lawyer, if the sequester kicks in, how much damage does it do to the economy? >> two recent estimates from the bipartisan policy group, 1 million to 1.2 million to 3 million jobs. last year the economy created 2.2 million jobs. this year we take out 1 million to 1.2. we take off a percentage point of gdp, but the real question is it's absolutely not necessary. it's bad policy and it's not necessary. >> bob, what do you say about that? you're willing to let the sequester happen, right? >> if necessary. i do think it's a bad idea but if it's packaged up with much more tax increases and we can't get a better deal, then this is better than nothing and maybe it ca
on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in health care to slow the rate of growth on a per capita basis to the rate of the growth in the economy. in our opinion that takes $600 billion to do over a ten-year period. >> reporter: maria, even if erskine bowles and alan simpson are successful in that, it's not likely to be before march 1st. this is all happening in public. private negotiations are not going on it. may be, as erskine bowles and alan simpson suggested today, that we need a public backlash from the consequences of some of those sequester cuts before there's enough heat for washington to make a deal. >> deja vu again. these speeches sound more and more alike. thanks, john. mergers and acquisitions are heating up. what's the next biggie coming down the pipe? i'll speak about the nysi deal come up. >> and china's cyber attack. what america can do to ward them off and phil lebeau is test
Search Results 0 to 2 of about 3

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